PPHE Hotel Group Limited Opening of repositioned Vondlepark Hotel
08 October 2019 - 5:00PM
RNS Non-Regulatory
TIDMPPH
PPHE Hotel Group Limited
08 October 2019
8 October 2019
PPHE Hotel Group Limited
("PPHE Hotel Group" or the "Company")
Opening of GBP9 million repositioned Park Plaza Vondelpark,
Amsterdam
PPHE Hotel Group ("PPHE" or the "Group"), an international
hospitality real estate group, is delighted to announce the opening
of the premium boutique hotel, Park Plaza Vondelpark, Amsterdam,
following a GBP9 million repositioning programme. This follows the
opening of Holmes Hotel London earlier this year and is part of the
Group's GBP100 million multi-year investment programme.
Located adjacent to the Vondelpark in Amsterdam Oud-Zuid, in the
museum quarter, Park Plaza Vondelpark, Amsterdam has curated a
newly invigorated, colourful design approach with inspiration taken
from the bordering Vondelpark and its diverse natural environment.
The 102-key hotel is home to a soon-to-launch dining and drinking
concept along with gym, private garden for guests and meeting
facilities.
Park Plaza Vondelpark, Amsterdam is owned and operated by the
Group and its President & Chief Executive Officer, Boris
Ivesha, added: "Park Plaza Vondelpark, Amsterdam is our latest
hotel repositioning project completed by the Group in 2019 and
concludes our GBP100+ million multi-year hotel investment programme
in our key markets. This hotel, which is located in Amsterdam's
highly desirable Oud-Zuid area, perfectly complements our strong
offering in the city, which consists of the Park Plaza Victoria
Amsterdam, which was repositioned in 2018, and the flagship
art'otel amsterdam. We are excited about our future development
pipeline and expect to spend approximately GBP300 million on
projects such as art'otel london hoxton and art'otel new york".
Visit www.parkplaza.com/opening-vondelpark
www.parkplazavondelpark.com
- ENDS-
For more information, please contact Tulchan on +44 207 4200
353.
Notes to Editors
Park Plaza Vondelpark, Amsterdam is owned and operated by PPHE
Hotel Group, an international hospitality real estate company with
a GBP1.7 billion portfolio (valued as at summer of 2019) of
primarily prime freehold and long leasehold assets in Europe.
PPHE Hotel Group's guiding principle is to generate attractive
returns from operations and long-term capital appreciation.
Through its subsidiaries, jointly controlled entities and
associates it owns, co-owns, develops, leases, operates and
franchises hospitality real estate. Its primary focus is
full-service upscale, upper upscale and lifestyle hotels in major
gateway cities and regional centres, as well as hotel, resort and
campsite properties in select resort destinations.
PPHE Hotel Group benefits from having an exclusive and perpetual
licence from the Radisson Hotel Group, one of the world's largest
hotel groups, to develop and operate Park Plaza(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) brands.
This multi-brand approach enables PPHE Hotel Group to develop and
operate properties across several segments of the hospitality
market.
PPHE Hotel Group is one of the largest owner/operators of hotels
in central London and its property portfolio comprises of 38 hotels
and resorts in operation, offering a total of approximately 8,800
rooms and 8 campsites, offering approximately 6,000 units. PPHE
Hotel Group's development pipeline includes two new hotels in
London and one in New York City which are expected to add an
additional 600 rooms by the end of 2022/2023.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange and a constituent of the FTSE
250. PPHE Hotel Group also holds a controlling ownership interest
in Arena Hospitality Group, whose shares are listed on the Prime
market of the Zagreb Stock Exchange.
Company websites
www.pphe.com
www.arenahospitalitygroup.com
For reservations
www.parkplaza.com
www.artotels.com
www.arenahotels.com
www.arenacampsites.com
For images and logos visit
www.vfmii.com/parkplaza
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END
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